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How the markets could react to the Fed meeting – Special Report

Posted on March 20, 2024 at 4:32 pm GMT

Fed meeting coming up next; the market is in waiting mode The 10-year US Treasury yield usually reacts first to Fed decisions Gold and EURUSD could benefit from lower US yields The much talked about Fed meeting is taking place tonight at 18.00 GMT with the usual press conference held 30 minutes later. There is a growing debate about the outcome of the meeting, the overall rhetoric by Chairman Powell and the famous dot plot. There are some voices in [..]

JP225 index marches higher after BoJ’s dovish hike – Stock Markets

Posted on March 20, 2024 at 4:15 pm GMT

Japanese stock markets advance after BoJ hike decision Baby step to normalize monetary policy boosts confidence in economy BoJ’s pledge for accommodative stance also aids First hike since 2007 On Tuesday, the Bank of Japan raised interest rates for the first time in 17 years, dragging them out of the negative zone. Besides that, policymakers in Japan announced the end of the yield curve control policy and purchases of risky assets such as domestic ETFs. However, they remained committed to keep buying bonds and [..]

Technical Analysis – Will JP 225 index continue its record rally?

Posted on March 20, 2024 at 1:43 pm GMT

JP 225 index flirts with all-time highs Short-term technical signals remain encouraging Japan’s 225 stock index (cash) is on the rise again, aiming to revive its five-month-old positive trend above the March record high of 40,564 after finding support near the 38,310 area. The technical signals favor the upward move in the price as the RSI is sloping northwards and is still some distance off its 70 overbought mark. The stochastic oscillator continues to trend up, and the MACD is looking [..]

Technical Analysis – US 500 cash index looks forward to the Fed meeting

Posted on March 19, 2024 at 8:51 am GMT

US 500 index continues to trade a tad below its all-time high Bulls could be taking a breather as the October 27, 2023 trendline acts as support Momentum indicators mostly support the prevailing bullish appetite The US 500 cash index is trading sideways today, a tad below its all-time high of 5,189 recorded on March 14. The market is most likely in anticipation mode for this week’s key events and particularly Wednesday’s Fed meeting. Having said that, the pace of the [..]

Why do US stocks keep ignoring downside risks? – Stock Markets

Posted on March 14, 2024 at 10:34 am GMT

S&P 500 posts record high despite upbeat CPI print Projections of fewer rate cuts do not scare stocks Can this rally extend without a sizable correction? Stocks unhindered by hotter-than-expected inflation report On Tuesday, the S&P 500 recorded a fresh all-time high, while both the Nasdaq 100 and Dow Jones finished the session in the green despite the stronger-than-expected US CPI print. Specifically, the headline inflation measure came out at 3.2% in annual terms for February against a 3.1% [..]

Technical Analysis – Intel stock battles with 50-day SMA

Posted on March 13, 2024 at 9:51 am GMT

Intel shares advance after consolidation period But struggle to conquer the 50-day SMA Momentum indicators turn positive Intel’s stock had been stagnant since late January, following a significant bearish price gap in the aftermath of the firm’s Q4 earnings announcement. Although the price attempted a recovery in the past few sessions, the 50-day simple moving average (SMA) seems to be acting as a strong ceiling. If bullish pressures persist and the price conquers the 50-day SMA, immediate resistance could be [..]

Technical Analysis – US 100 stock index at risk of double top

Posted on March 12, 2024 at 2:01 pm GMT

US 100 stock index forms bearish structure The market could balance selling forces above 17,800 The US 100 stock index (cash) seems to have formed a bearish double top pattern within a rising channel and around the peak area of 18,338. The bears will have to successfully complete that negative pattern below the 17,800-17,914 neckline to visit the 50-day exponential moving average (EMA) and the 23.6% Fibonacci of 17,389. Slightly lower, the constraining ascending line from January 2023 might act as a safety [..]

Technical Analysis – Apple stock rebounds from 4-month low

Posted on March 12, 2024 at 1:36 pm GMT

Apple shares slide to the lowest since October 31 But find their feet and recoup minor losses Momentum indicators exit oversold territories Apple’s stock has been very volatile in the past few months, opening frequently with significant price gaps. In the short term, the stock has been in a steep decline, falling to a fresh four-month bottom of 168.30 last week before paring some losses. Should the rebound falter, the bears might try to push the price back below the [..]

Technical Analysis – US 500 cash index in the red again

Posted on March 11, 2024 at 8:39 am GMT

US 500 index trades lower after recording a new all-time high The pace of the rally remains aggressive but euphoria dominates Bears continue to closely monitor the stochastic oscillator’s movements The US 500 cash index is edging lower again today after recording a new all-time high of 5,189 last week. Friday’s mixed US labour market data do not appear to have dented the market’s bullish appetite but some profit taking has clearly taken place. Having said that, the pace of the rally since the [..]

Apple and Tesla lag the Magnificent 7 pack – Stock Markets

Posted on March 7, 2024 at 1:50 pm GMT

Magnificent 7 propel US indices to record highs Apple diverges due to lack of AI initiatives Tesla also suffers from weakness in Chinese market AI leads the way The so-called Magnificent Seven group comprised of Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta Platforms and Tesla has been the driving force behind the consecutive all-time highs observed in the major US equity indices. The tech behemoths have largely benefited from the Artificial Intelligence (AI) mania, with the latest earnings season providing clear evidence [..]

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